ICICI Bank Q4 preview: Analysts see over 300% PAT rise; asset quality key

The rise in net profit, analysts say, will be supported by much lower provisioning in the quarter and a double-digit growth in operating profit

ICICI Bank
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ICICI Bank

Nikita Vashisht New Delhi
A healthy loan growth and leaner provisioning may aid ICICI Bank to report an over 300 per cent year-on-year (YoY) jump in net profit for the March quarter of financial year 2020-21 (Q4FY21), believe analysts. However, the lender’s asset quality may worsen, they fear, on the back of higher slippages as the Supreme Court’s stay on NPA declaration stands vacated. The lender is scheduled to report its Q4FY21 result on Saturday, April 24.

At the bourses, the lender’s stock has outperformed on the National Stock Exchange (NSE) and rallied nearly 9 per cent during the quarter under review, as against
Topics : ICICI Bank

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First Published: Apr 22 2021 | 2:30 PM IST

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